Published 3:40 pm, Monday, February 5, 2007

Gastar Exploration Ltd. (AMEX:GST) (TSX:YGA) announced today that J. Russell Porter, President and CEO of Gastar Exploration Ltd., will present at the Independent Petroleum Association of America's (IPAA) Third Annual Oil and Gas Investment Symposium (OGIS) Small Cap Conference to be held in Boca Raton, Florida, from Tuesday, February 6 through Thursday, February 8, 2007. Mr. Porter will be presenting Tuesday, February 6, 2006 at 2:45 p.m. (Eastern Time).

The conference highlights oil and gas companies with market values up to $1 billion. Gastar Exploration Ltd. is among 41 companies presenting at this three-day event. Mr. Porter's presentation will be webcast live and can be accessed via the following link:

Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. The Company pursues a balanced strategy combining select higher risk, deep natural gas exploration prospects with low-risk coal bed methane (CBM) development. The Company owns and controls exploration and development acreage in the Deep Bossier gas play of East Texas and in the deep Trenton-Black River play in the Appalachian Basin. Gastarâ€™s CBM activities are conducted within the Powder River Basin of Wyoming and upon the approximate 3.0 million acres controlled by Gastar and its Joint Development partners in Australiaâ€™s Gunnedah Basin, PEL 238 and Gastarâ€™s Gippsland Basins located in New South Wales and Victoria, respectively.

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This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words â€œexpects," "projects," "plans," and certain of the other foregoing statements may be deemed "forward-looking statements." Although Gastar believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors as described in the Companyâ€™s Annual Information Form filed as of March 30, 2005, on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com and in the Companyâ€™s Registration Statement on Form S-1.